A leading provider of neuromorphic computing solutions, BrainChip Holdings Ltd (ASX: BRN) is headquartered in Australia. The type of artificial intelligence (AI) offered by the company is stimulated by the biology of the human neuron - spiking neural networks.
In 2018, the company unveiled an Akida™ Neuromorphic System-on-Chip which is the first one in a new breed of hardware solutions for artificial intelligence. The chip is both low cost and low power, and its scalability enable users to connect many Akida™ devices together to perform inferencing for cybersecurity and financial technology (FinTech) applications and complex neural network training.
The company has a multi-fold business model that incorporates:
- Akida™ Neural Processing Core (“NPC”) as an IP Block to semiconductor companies.
- Akida™ as a device, a FlipChip 368 Ball Grid Array (BGA) through direct sales and global channel partners.
- Akida™ as a USB dongle, for use in development environments and remote Cybersecurity applications through online sales and global channel partners.
- Akida™ on a reference board for the development of products and IP integration.
In a significant advancement in the company’s market penetration strategy, BrainChip has recently announced the availability of its Akida™ Neural Processing Core (“NPC”) as intellectual property (IP) available for licensing.
The Akida™ NPC is now available to license as an IP block for integration within Application Specific Integrated Circuits (ASICs). The ASICs are provided by semiconductor companies developing AI enabled “Edge” devices. The requirement for low power, high-performance neural network to integrate AI into ASICs is an immediate challenge for suppliers targeting edge applications. The Akida™ NPC provides unprecedented performance, configurability, low power and small size, being the first-in-kind solution for ASIC integration.
The introduction of the Akida™ NPC marks a significant development in the BrainChip’s market presence. The Akida™ NPC IP operates at record power levels depending on the processing demands of the application.
According to the Founder and CTO of BrainChip, Peter van der Made, the nature of the Akida™ IP offers a unique solution to ASIC integrators for incorporation into their products over multiple generations. He believes that the market is ready for Artificial Intelligence in edge devices.
Recently, the company released a market update for the quarter ending 31st March 2019. To collaborate on the development of the Akida™ NSoC and manufacture the device, the company executed a Memorandum of Understanding (MoU) with Socionext Americas during the quarter.
On the financial front, the company closed the March quarter with a cash balance of US$5.1 million. The cash receipts valued at US$136,000 for the quarter.
BrainChip expects to raise additional capital in the coming quarters to support the primary goal of leading the neuromorphic industry. The company plans to use the capital in finalizing the development of the Akida™ product.
The company’s stock closed higher at AUD 0.061 (As on 29th May 2019), with a rise of 38.64 per cent relative to the last closing price. Around 176 million shares were in trade today. The stock fluctuated between a high and low value of AUD 0.105 and AUD 0.054, respectively during the intraday session.
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